Kernel Holding SA (0KE) — Financial Flexibility Index

Latest as of December 2025: -0.13x

Kernel Holding SA (0KE) has a Financial Flexibility Index of -0.13x as of December 2025. Free cash flow of €-150.88 Million (operating CF €-175.51 Million minus capex €24.64 Million) represents 0% of total liabilities (€1.19 Billion). Check 0KE strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

-0.13x
Free Cash Flow / Total Liabilities

Free Cash Flow

€-150.88 Million
Operating CF − Capex

Total Liabilities

€1.19 Billion
EUR

Capital Expenditures

€24.64 Million
EUR

Kernel Holding SA Financial Flexibility Index (2014–2024)

Historical Financial Flexibility Index trend for Kernel Holding SA across 11 annual periods. See Kernel Holding SA short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Kernel Holding SA (2014–2024)

Year-by-year free cash flow to debt coverage for Kernel Holding SA. For the full company profile including market capitalisation, see Kernel Holding SA market capitalisation.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2024 0.40x €618.63 Million €472.14 Million €1.53 Billion ▲ +7.5%
2023 0.38x €805.27 Million €716.13 Million €2.14 Billion ▲ +606.0%
2022 -0.07x €-185.79 Million €-305.46 Million €2.50 Billion ▼ -122.3%
2021 0.33x €638.14 Million €459.84 Million €1.91 Billion ▲ +14.8%
2020 0.29x €485.01 Million €269.36 Million €1.67 Billion ▼ -11.3%
2019 0.33x €365.64 Million €198.65 Million €1.12 Billion ▲ +47.5%
2018 0.22x €229.04 Million €82.48 Million €1.03 Billion ▲ +56.3%
2017 0.14x €120.84 Million €77.41 Million €851.47 Million ▼ -56.8%
2016 0.33x €168.11 Million €133.72 Million €512.30 Million ▼ -56.1%
2015 0.75x €429.45 Million €404.72 Million €574.77 Million ▲ +401.4%
2014 0.15x €132.38 Million €82.47 Million €888.34 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities